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Press Release

Western Sydney Accommodation Hotel Sale

A DA approved site situated in the Western SYDNEY suburb of Blacktown and comprising 133 serviced apartments has been exclusively listed for sale by HTL Property Director Nic Simarro.

Developers and investors are expected to eagerly pursue the rare opportunity to build a high-quality inner city serviced apartment complex within Sydney’s central city growth plan.

Situated in the heart of the Blacktown commercial hub, and in close proximity to multiple demand drivers including Blacktown Train Station, Blacktown Hospital, Blacktown Tafe and Westpoint Shopping Centre; the site boasts approximately 2,457sqm* of land, and offers 8,471sqm* of gross floor area (GFA).

The property will be offered with Vacant Possession, with numerous operators and potential tenants already showing strong interest in the location.

“Sydney’s three city Metropolis provides excellent insight into the future planning of the Central River City, and the demand for accommodation assets within this area; with Marriott already appointed to manage the proximately located Blacktown Hotel under the Four Points by Sheraton brand” commented HTL Property Director, Nic Simarro.

“ The campaign timing is in line with multiple developers and investors reaching out to HTL Property openly seeking new opportunities at a time when many in the market have begun to highlight positive changes in the landscape and narrative” added Simarro.

“Other than Australia’s patently strong geographical positioning in respect of managing the impact of the current international health challenge, another advantage we are seeing is developers and investors now having time to properly review and analyse these opportunities more so than ever given the lack of stock currently available to them” Simarro concluded.

Expressions of Interest close June 3 2020, operator projections, architect plans and further information is available upon request.

End.

*Approx.

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